Industries

Market analysts said the oil production cut announcement Monday from a powerful oil-rich Saudi-led coalition will drive U.S. gasoline prices higher ahead of peak driving season.

Ford Motor Co. says it is “transitioning from AM radio for most new and updated 2024 models," joining other automakers in dropping the feature.

The secondhand clothing market is surging, and both older and younger generations have jumped on the trend. ThredUP CEO James Reinhart says its best years are just ahead.

FedEx will lay out its cost cutting plans on Wednesday as it continues to slash $4 billion in costs by the end of fiscal 2025.

Walmart said Tuesday about two-thirds of its stores will be serviced through automation in the retail giant's supply chains by the end of 2026.

For the first time, two active athletes have made Forbes' sports billionaires list. Tiger Woods and LeBron James reached the milestone.

Walmart is forecasting that 65% of its stores will be service by automation by the end of the fiscal year 2026, following plans to lay off more than 2,000 people.

GM Chief Financial Officer Paul Jacobson said Tuesday that about 5,000 salaried GM employees accepted the company's buyout offers as part of a cost-cutting push.

GasBuddy head of petroleum analysis Patrick De Haan says OPEC's surprise production cut served as a "wild card" to gas prices, warning the Midwest and Florida will see spikes first.

Car and battery makers are spending tens of billions of dollars to build capacity for EV batteries and making choices on technology now that could shape the future of the industry.

Marshmallow candy favorite Peeps are under fire for containing Red Dye 3, which is a known carcinogen. Consumer Reports and nutritionist Ilana Muhlstein shared concerns.

Treasury Secretary Janet Yellen said that the decision by OPEC+ to reduce oil production isn't a positive move for global growth amid persistent inflation.

Top lawmakers want to hold hearings over potential security vulnerabilities posed by dozens of Chinese-made cranes at American ports across the country.

Walmart announced in a blog post Monday that it is rolling out a new website design that will be more engaging for customers to use as demand for e-commerce continues.

General Motors posted a 17.6% increase in sales in the first quarter of 2023 compared to last year, but it only delivered two Hummer EVs to customers.